After Baseball, Horse Racing is the second most highly attended sport in the United States. The popularity of this sport has also increased the prospects for betting and more and more people are now turning towards live horse betting to make money. Betting is also one of the major reasons why horse racing has still survived in the United States and is becoming more popular.

How is live horse betting conducted?
Based on the numbers assigned to a horse on tracks, all the bets are placed and these numbers are written or printed in the race program besides the name of the horse. No matter what the method is used by the track, while purchasing bets you need to use the program that is assigned.
If you are a novice in the arena of live horse betting then you should know that you can place number of bets on live horse race. Since the live horse betting is a popular sport, number of websites has come up on Internet. Due to the fierce competition amongst the websites, all websites offer different bonuses to lure in customers.

Today, with the advent of Internet, you are no longer required to visit the race course to place a bet on Live Horse racing. You can do it comfortably from your home.

If you have never participated in live horse betting, then there is no need to worry. Betting on live horse racing is simple and you can learn it in few days. You have to understand the odds and payout structure to increase your chances of winning money. For example, if you have a placed a bet on the horse having 100 to 1 odds that it means that the establishment opine that the horse has very less chances of winning.

Let’s learn about the payout structure followed in live horse betting. For example if place a bet of $10 on a horse that has 100 to 1 odds. It means if your horse wins the race, you will earn 10 x 100 dollars that is $1000. Though, it seems to be nice payout it is less likely to happen and your chances of losing money are more.

Majority of the people participating in live horse betting usually place bet on horse that has 2 to 1 odds. In such cases you have more chances of winning but the payout is drastically small. The live sports betting generally depend on individual approach and preferences.

There are many advantages of live horse betting sites on Internet. First you don’t have to go out there physically to the race course, so you do not have to bother about travelling or any issues related to it such as finding car parking. The beauty of live horse betting is it a truly global sport and you can experience in gambling action 365 days a year.

You can find many specialized services provider that provide advice on horse racing betting. Some offer them fro free while some provide it for a specific fee.

As betting on sports becomes more popular all over the globe, it can attract some negative attention from the sports franchises and teams that are being bet upon.

With millions of dollars riding on each game, some unscrupulous sports teams or players attempt to fix the outcome. Most of us have seen the scandals highlighted in the newspaper or on TV. Despite these occasional trouble spots, sports betting remains a popular pastime for many fans.